🥇Gold Analysis🥇Is Ready to Go Down Again(➡️RR=3.16)

🏃‍♂️Gold is moving in the 🟢Support zone($2,327-$2,302)🟢 and managed to break the Uptrend line and the Support line yesterday.

🌊According to Elliott's wave theory, Gold seems to be completing wave 4.

🔔I expect wave 4 to finish near the Resistance lines and 🟡Price Reversal Zone(PRZ)🟡, and Gold will start to decline again and break the 🟢Support zone($2,327-$2,302)🟢.
--------------------------------------------------------------------------
XAUUSD

🔴Position: Short

✅Entry Point: $2329.417 (Limit Order)

⛔️Stop Loss: $2347.180

💰Take Profit:

🎯$2273.330👉Risk-To-Reward: 3.16

⚠️Please don't forget to follow capital management.

⚠️Please pay attention to the style of opening the position.
--------------------------------------------------------------------------
XAUUSD

🔴Position: Short

✅Entry Point: $2315.678 (Stop Limit Order)

⛔️Stop Loss: $2340.320

💰Take Profit:

🎯$2273.330👉Risk-To-Reward: 1.72

⚠️Please don't forget to follow capital management.

⚠️Please pay attention to the style of opening the position.
--------------------------------------------------------------------------
⚠️Please be Ready for Both positions; when one of the active, another will cancel.⚠️👆
--------------------------------------------------------------------------
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.

Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.

تم فتح الصفقة:

First position was activated.

تعليق:

Please Transfer Stop loss(SL) to Entry Point(EP)=Risk Free

تم إغلاق الصفقة يدويًا:

Risk Free